Super rich leaving Norway after wealth tax increase.

[lfromnj]

https://www.theguardian.com/world/2023/apr/10/super-rich-abandoning-norway-at-record-rate-as-wealth-tax-rises-slightly

Kolstad told the Norwegian newspaper Aftenposten that when he first arrived in Switzerland he did not have any friends there. ”But now there are several of us [Norwergians], so we meet every now and then for coffee.”

Erlend Grimstad, a state secretary in the ministry of finance, told the Guardian he hoped wealthy Norwegians would return “in time”.

“If you have enjoyed success and become rich in Norway, we hope you will stay and continue taking part in the Norwegian society,” he said. “We do encourage Norwegians to succeed in creating value and become rich. And we believe the Norwegian model with a strong public welfare system and high education levels are important factors in making that success possible.

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Capital strikes are the only strike I support.

[Antonio the Sixth]

That just shows more countries need to adopt wealth taxes.

[Meclazine for Israel]

They will just their wealth out of the country. Living in the French or Spanish countryside 7 months a year cannot be that difficult.

[lfromnj]

That just shows more countries need to adopt wealth taxes.

I too agree(All countries except America)

[Stand With Israel. Crush Hamas]

That's the thing - there are many countries out there with a sufficient standard of living that this isn't sustainable in a democracy.

[CumbrianLefty]

That just shows more countries need to adopt wealth taxes.

Yep.

Though part of me does just say "let them leave".

[Kahane's Grave Is A Gender-Neutral Bathroom]

That just shows more countries need to adopt wealth taxes.

I too agree(All countries except America)

Actually America is probably the only country that could impose one and get away with it.